Qualified Base Closure Area [Small Business Administration] Law and Legal Definition

According to 13 CFR 126.103 [Title 13 -- Business Credit and Assistance; Chapter I -- Small Business Administration; Part 126 – HUBzone Program; Subpart A -- Provisions of General Applicability], qualified base closure area means “a base closure area for a period of 5 years either from December 8, 2004, or from the date of final base closure, whichever is later.”